Announcement on Confirmation of 2025 Annual Recurring Related Transactions and Forecast of 2026 Annual Recurring Related Transactions
Stock Short Name: COSCO SHIPPING Technology Stock Code: 002401 Serial Number: 2026-012
COSCO SHIPPING Technology Co., Ltd. Announcement on Confirmation of 2025 Annual Recurring Related Transactions and Forecast of 2026 Annual Recurring Related Transactions
The Company and all members of its board of directors guarantee the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
COSCO SHIPPING Technology Co., Ltd. (hereinafter referred to as the "Company") at its Eighth Board of Directors' Third Meeting held on March 26, 2026, deliberated and passed the "Proposal on Confirmation of 2025 Annual Recurring Related Transactions and Forecast of 2026 Annual Recurring Related Transactions." In accordance with the relevant provisions on the review and disclosure procedures for related party transactions in the "Shenzhen Stock Exchange Stock Listing Rules" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 7 - Transactions and Related Transactions," the Company has confirmed and forecasted related party transactions that occurred in 2025 and 2026 with its indirectly controlling shareholder China COSCO SHIPPING Group Co., Ltd. (hereinafter referred to as "COSCO SHIPPING Group") and its controlling shareholder Shanghai Marine Equipment Research Institute (hereinafter referred to as "Shanghai Marine Research Institute"), and legal persons (or other organizations) directly or indirectly controlled by them. The specific details are as follows:
I. Basic Information on Recurring Related Transactions
(I) Overview of Recurring Related Transactions
Based on the needs of daily operations, the Company engages in related party transactions with COSCO SHIPPING Group, Shanghai Marine Research Institute, and legal persons (or other organizations) controlled by them, involving the purchase or sale of goods, and provision or receipt of services related to daily operations. It is confirmed that the actual amount of recurring related party transactions between the Company and COSCO SHIPPING Group, Shanghai Marine Research Institute, and legal persons (or other organizations) controlled by them in 2025 totaled RMB 105,512.04 million. Based on the actual operating conditions of the previous year and the operating needs of 2026, the total amount of recurring related party transactions between the Company and COSCO SHIPPING Group, Shanghai Marine Research Institute, and legal persons (or other organizations) controlled by them in 2026 is forecasted to be RMB 155,280.00 million.
This proposal has been deliberated and passed by the Eighth Board of Directors' Third Meeting of the Company. Related directors abstained from voting on relevant sub-proposals. The Eighth Board of Directors' Second Special Independent Directors' Meeting has already reviewed this proposal.
This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation and approval. Shareholders with related interests, such as Shanghai Marine Research Institute, need to abstain from voting.
(II) Forecast of Recurring Related Transactions for 2026
Based on the actual operating conditions of the previous year and the operating needs of 2026, the total amount of recurring related party transactions between the Company and COSCO SHIPPING Group, Shanghai Marine Research Institute, and legal persons (or other organizations) controlled by them in 2026 is forecasted to be RMB 155,280.00 million. The specific details are as follows: